In a day of volatile trading, the main US stock indexes managed to recoup some of their earlier losses. The Dow Jones Industrial Average, which had fallen as much as 1,100 points, was down less than 800 points, or just under 2%. Similarly, the S&P 500, which had fallen more than 3%, was down 2.2%. The tech-focused Nasdaq, after falling 4.3%, was down 2.6%.
That recovery was spurred by a report from business services that indicated the US economy remains strong. Despite the turbulence, the market's resilience provided some reassurance to investors.
Market fluctuations have not gone unnoticed in the political arena. Donald Trump, for example, capitalized on the situation by turning it into a political issue. He used the hashtag #kamalacrash on his Truth Social account, comparing the market crash to Kamala Harris' recent poll surge. This was followed by “KAMALA CRASH vs. TRUMP CASH!”
Several right-wing accounts, including Libs of TikTok, RNC Research, and End Wokeness, joined in, attempting to attribute the market's decline to Harris' rise in popularity. This highlights how financial market movements can often be intertwined with political narratives, shaping public perception and discourse.
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